KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday October 8.
FUNDAMENTALS
* Malaysian palm oil futures fell on Wednesday for a second consecutive trading session on a
strengthening ringgit and after its rally last month shifted demand to Indonesia.
* U.S. grain futures retreated from their highest prices in more than two months on Wednesday
under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports.
* Oil fell in volatile trading on Wednesday, snapping a three-day rally, after U.S. government
data showing a large crude inventory build surprised traders the day after an industry group had
reported a draw.
MARKET NEWS
* Asian stocks rose modestly on Thursday, taking their cue from gains on Wall Street as the
region braced for a resumption of trading in the Chinese markets after a week-long break.
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DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on October 10.
> Cargo surveyor Societe Generale de Surveillance unveils August 1-10 palm oil exports in
Malaysia on October 10.
Palm, soy and crude oil prices at 0039 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL DEC5 28.57 -2.50 28.52 28.62 505
INDIA PALM OIL OCT5 427.00 -2.50 425.00 432.50 3106
INDIA SOYOIL OCT5 627.45 -0.20 624.70 637.20 44335
NYMEX CRUDE NOV5 48.31 +0.50 48.11 48.39 2562
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel
- Reuters
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